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Breaking up the Chinese walled gardens: what will the future of media in China look like?

Breaking up the Chinese walled gardens: what will the future of media in China look like?
thedrum.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedrum.com Daily Mail and Mail on Sunday newspapers.

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Beijing Orders Alibaba To Dump Media Assets That Rival China s Propaganda Machine

by Tyler Durden Monday, Mar 15, 2021 - 07:30 PM Beijing is reviving its crackdown on the country s biggest tech firms, reminding the world that the CCP is still focused on neutralizing any and all threats to its control of the Chinese economy and its people. Even after amending China s official ideology to include entrepreneurs among the protected classes represented by the CCP (in addition to workers, farmers and soldiers), Beijing, with President Xi at its center, has apparently decided that Chinese tech firms won t follow the American model after all. Instead, their growth and competitive capabilities will be curtailed for the sake of stability at home.

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Beijing Instructs Alibaba to Sell Off Media Assets

Jack Ma The regulatory pressure on Jack Ma s business empire continues to grow, but so far sales of the tech conglomerate s entertainment holdings may not be necessary according to insider sources cited by the Wall Street Journal. The trouble is far from over for Jack Ma s embattled Alibaba Group Holdings. China s government has asked the company to sell off its vast collection of media assets, according to a report in The request represents yet another escalation of the regulatory pressure that has been heaped upon Ma s e-commerce, entertainment and fintech empire following the spectacular failure of Ant Financial to go public last November.

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FNE Market Analysis 2020: CROATIA - FilmNewEurope com

FNE Market Analysis 2020: CROATIA - FilmNewEurope com
filmneweurope.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from filmneweurope.com Daily Mail and Mail on Sunday newspapers.

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